Yes, there is a newsworthy development today in the NHL lockout. The league’s latest offer calls for a 50-50 revenue split and, reportedly, no salary rollbacks.

That last issue has been huge with the players, so if that’s an accurate representation, this is significant progress.

NHLPA rep Donald Fehr treated the new offer as a legitimate one, said his executive committee would meet at 2 p.m. PDT today and get back to the league by tomorrow.

No, I don’t think this means a settlement is necessarily in sight. There are always at least a dozen issues that all tie in — Does this call for no free agency before 35? I doubt it, but who knows.

But this does provide the first glimmer of hope that hockey will be played since the lockout begain.

Normally, I wouldn’t do what I’m about to do, but here’s the unedited press release the NHL just sent out. If we get something similar from Donald Fehr later, I’ll add that, too.

BETTMAN: Good afternoon, everyone. Bill Daly and I just spent the last hour with Don and Steve Fehr, and I would like to briefly report to you on what was discussed. As I think all of you know we have been extremely
disappointed, and that’s an understatement, that we’ve been unable to get
these negotiations on the essential elements moving forward. So, today, we began by discussing with Don and Steve that if we were to drop the puck on November 2nd for the start of the regular season, we could preserve an 82-game schedule for the regular season and play full playoffs as we normally do and be done before the end of June.

We very much want to preserve a full 82-game season, and in that light, we made a proposal, an offer, really that is our best shot at
preserving an 82-game regular season and playoffs, and this offer that we
made obviously was contingent upon having an 82-game regular season.

A lot of you know we don’t negotiate publicly, and I’m not going to
break that habit because I don’t think it’s constructive. The fact of the
matter is, we offered a 50-50 share of HRR, hockey related revenues, and we believe we addressed the concern that players have about what happens to their salaries as a result in this year of reducing the percentage from 57 to 50%.

Beyond that, I don’t want to get into the substance other than to say
we believe that this was a fair offer for a long-term deal, and it’s one
that we hope gets a positive reaction so that we can drop the puck on
November 2nd — which backing up, entails at least a one-week training
camp. So we have about nine or ten days to get this all put to bed,
signed, sealed and delivered, in order for this offer to be effective and
for us to move forward.

We hope that this effort that we’ve undertaken today would be
successful because we know how difficult this all has been for everybody
associated with the game, particularly our fans.

Q: How confident are you that this is going to go forward?

BETTMAN: Well, we certainly hope it will. We’ve given it our best shot.

Q: What was the reaction?

BETTMAN: The reaction was that they obviously need to study it, and so we told them that we’re available to them. But they’re going to need some time to review it, and I respect that portion of the process. Obviously, they’ve got to understand the offer and get comfortable with it.

Q: Was it just the core economic issues in terms of the offer?

BETTMAN: We had a number of significant elements that we believe can and
should serve as the basis of a deal to get us playing hockey.

Q: Why do this today?

BETTMAN: Because if we want to have an 82-game regular season, if we want to preserve an 82-game regular season and you back up the timetable in terms of the schedule, we needed to do it.

By the way, in terms of the schedule, so everybody understands, the
compression that would be involved is one additional game every five weeks. Beyond that, we don’t think it would be good for the players or for the game. But if you look at what our ability would be to schedule 82 games and you work back from November 2nd, if we didn’t do it now, if we didn’t put an effort on the table that we thought was fair and could get us playing hockey, if we didn’t do it now, then it probably wasn’t going to happen for a while. Because, again, it’s done in the spirit of getting a full season in.

Q: Is it 50-50 across the board?

BETTMAN: It’s 50-50 across board.

Q: How long of a contract will this be?

BETTMAN: I’m not going to get into the specifics. We proposed a long-term
contract. We think that’s in everybody’s interest. We think that’s what
our fans want.

Q: Can you explain how you address the roll back or the escrow?

BETTMAN: There is no roll back, and I’m not going to get into the specifics. It would not be constructive at this point in time. The union has some work to do, and we respect the process. I probably have gone further than I usually have in terms of discussing what we’ve proposed than at any other time. But I’m not comfortable going any further. I’m more concerned about the process right now and getting us back on the ice.

Q: How worried are you they might say no and more of the season will be
lost?

BETTMAN:I don’t even want to go there.

Q: Is the league amenable to playing an abbreviated schedule?

BETTMAN: We’re focused on getting the puck dropped on November 2nd and playing a full 82-game regular season and full playoffs. That’s what this offer is all about.

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